Abstract
Your certified public accountant (CPA) is an essential resource for running the business side of your practice. This chapter provides guidance in choosing a CPA for your private practice, noting the skills and the business characteristics you will want in your CPA. The role the CPA can take with setting up your practice is outlined, and the resources the CPA can add to an established practice are discussed. The types of entity structures available to your practice, such as a limited liability company (LLC) or a professional corporation, are reviewed in detail, with the tax implications of the different entity structures. Common practice expenses are discussed.
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